I am long the MNQ for a little while starting now
- Thread starter ElectricSavant
- Start date
I was alerted by another member privatly about your post. I took you off ignore and blocking. I am not TommyR.
ES
ES
Don't get excited...this means shit...(the max DD already broke on this trade)
Last edited:
This is a longer hold (average 24 days) as you folks can see in the chart below.
My entry (long @ 8367.25) is that little itty-bitty blue arrow on the bar after the signal. Yes this is a live real trade.
I probably will not hold this for its average of 24 days as we are getting a rollover soon. I have 7 other systems in this instrument all competing for my entry and I usually do not stay for the duration. I prefer intraday trading but I just lose my ass. So this is where I am at mentally and it's always a pleasure to share on ET (I think).
This is a Micro Trade.
$792.00/$720.00 overnight margin CME (AMP)
My entry (long @ 8367.25) is that little itty-bitty blue arrow on the bar after the signal. Yes this is a live real trade.
I probably will not hold this for its average of 24 days as we are getting a rollover soon. I have 7 other systems in this instrument all competing for my entry and I usually do not stay for the duration. I prefer intraday trading but I just lose my ass. So this is where I am at mentally and it's always a pleasure to share on ET (I think).
This is a Micro Trade.
$792.00/$720.00 overnight margin CME (AMP)
Last edited:
CannonTrading_Ilan
Sponsor
Good to see you diversifying with longer term/ swing trades using the MICROS.
Stick to your game plan.
Stick to your game plan.
The trade is in its early development and is held over the London open and the US open into this next day. The Asian session usually is a non-issue for now. Yes the MICROS have made NQ trading possible without having a large account. I can say the NQ is a volatile Future at 2 bucks a point.
Sometimes a large fund needs to move the NQ in the overnight to fortify their position, which is not illegal, thus you can get some incredible spikes. The Chinese open sometimes brings some tempestuous activity with these Tariff questions.
I believe the NQ wants to move up...we shall see.
ES
P.S. Another one of my systems is long from 8389.00 for another technical reason and is in DD just now. This is a good sign that their is a confirmation with two of my systems pointing in the same direction.
Sometimes a large fund needs to move the NQ in the overnight to fortify their position, which is not illegal, thus you can get some incredible spikes. The Chinese open sometimes brings some tempestuous activity with these Tariff questions.
I believe the NQ wants to move up...we shall see.
ES
P.S. Another one of my systems is long from 8389.00 for another technical reason and is in DD just now. This is a good sign that their is a confirmation with two of my systems pointing in the same direction.
Last edited:
I am still Long the MNQ (floating with about a 200 buck profit). I track the NQ with 7 systems and another system just pointed long. This is on a 4 hour system which signals for completely different reasons with a 75% winrate.
If anyone wants me to start a journal let me know. I do not want to cause Magna any trouble because no matter where I go I draw flies.
Es
P.S. I know, I know Flies are attracted to shit...
Es
P.S. I know, I know Flies are attracted to shit...
I sorta like the 2 day timeframe on a candle formation. It opens with the Asian Session then the "London Open" then the USA RTH and then again one more time. The next candle will form at 16:00 (AZ timezone) today.
I am going to stay long to see how this plays out. I must admit my shorter term sell signals are firing now to go short. But I am not trading microtrends. I still wonder though if I should of bailed when it was up there with the $200.00 profit?
I need a coherent strategy. Just now waiting for the "close trade signal" on that 2-day chart that the signal originated with. This could be a long hold time (average 24 days unless I bail early).
ES
P.S. If anything comes from this perhaps I must realize I must master Longer Term Trading FIRST if I am ever able to trade with TA in the "NQ's bouncy Intraday Casino".
I am going to stay long to see how this plays out. I must admit my shorter term sell signals are firing now to go short. But I am not trading microtrends. I still wonder though if I should of bailed when it was up there with the $200.00 profit?
I need a coherent strategy. Just now waiting for the "close trade signal" on that 2-day chart that the signal originated with. This could be a long hold time (average 24 days unless I bail early).
ES
P.S. If anything comes from this perhaps I must realize I must master Longer Term Trading FIRST if I am ever able to trade with TA in the "NQ's bouncy Intraday Casino".
Last edited: